According to the latest statistics released by Suzhou Industrial Park (SIP) Customs, SIP’s total import and export value reached 522.37 billion yuan in the first eight months of this year, up by 16.7% over the same period last year, hitting a record high. Its exports increased by 19.2% to 269.48 billion yuan, while its imports grew by 14.3% to 252.89 billion yuan. It ranked first among all the districts in Suzhou in terms of the total volume and growth rate of foreign trade. In August, SIP’s imports and exports increased by 24.3% year-on-year and 2.6% month-on-month to 73.05 billion yuan, marking a record high.
From January to August, SIP’s import and export volume for processing trade grew by 21.3% to 300.26 billion yuan, accounting for 57.5% of the district’s total. Meanwhile, imports and exports of bonded logistics increased by 18.5% to 68.44 billion yuan, accounting for 13.1% of the district’s total. And imports and exports of general trade reached 152.02 billion yuan, an increase of 8.3%, accounting for 29.1% of the district’s total.
During this period, the foreign trade volume of foreign-funded enterprises in SIP stood at 389.93 billion yuan, an increase of 15.8%, accounting for 74.6% of the district’s total and generating 11.9 percentage points of growth for the district’s foreign trade. The import-export value of private enterprises was 85.1 billion yuan, up by 16.1%, among which the growth rate of export was 25.3%. Meanwhile, the foreign trade volume of state-owned enterprises grew by 26.1% to 47.33 billion yuan.
In the first eight months this year, the import and export of integrated circuits in SIP rose by 27.5% to 252.25 billion yuan, accounting for 48.3% of the district’s total and generating 12.2 percentage points of growth for the district’s foreign trade. Among them, exports were 102.87 billion yuan, up by 32.2%, while imports were 149.39 billion yuan, up by 24.5%. As of August, the import and export of integrated circuits in SIP has increased for 22 consecutive months and maintained double-digit growth for 6 months in a row. In August, the import and export of integrated circuits surged by 40.4% to 37.5 billion yuan, setting a new historical high again.
In the January-August period, SIP’s imports and exports of automatic data processing machines and parts reached 18.26 billion yuan, an increase of 58.9%, and the trade volume of LCD modules was 13.28 billion yuan, up by 19.8%. Meanwhile, the export of medical materials and drugs soared by 45.8% to 2.3 billion yuan. In addition, the export of electric vehicles grew by 12.1% to 1.17 billion yuan.
